Dogecoin ETF Filings Spark 20% Price Surge on Dogeday 4/20

On April 20, the Dogecoin community celebrated “Dogeday,” a tradition that blends crypto enthusiasm with online culture. This year, the celebration took on a new significance as the buzz around Dogecoin ETF filings added momentum to the meme coin. Investors gathered virtually and in-person to mark Dogeday 4/20, closely tracking four ETF applications under review, submitted by Bitwise, Grayscale, 21Shares, and Osprey Fund. The combination of internet-driven enthusiasm and increasing regulatory attention has brought Dogecoin back into the spotlight, despite ongoing criticism about its lack of real-world utility.

Dogecoin’s unique tokenomics set it apart from other cryptocurrencies. It adds approximately 14.4 million new coins into circulation every day, resulting in a daily inflation rate of around $2.16 million and an annual supply increase of roughly 5 billion coins. While many investors view inflation as a red flag, others believe it keeps Dogecoin accessible. Its price remains low, usually under $1, making it an easy entry point for new retail investors.

April 20 has become an unofficial holiday for Dogecoin supporters, marking the coin’s staying power despite constant mockery from traditional finance. The Dogecoin community has remained loyal and vocal, with this year’s Dogeday 4/20 events including online campaigns, meme contests, and celebratory videos shared across platforms like X (formerly Twitter) and TikTok. Blockchain expert Anndy Lian explains that Dogecoin’s strength lies in its passionate, internet-savvy following. “The community enthusiasm, low entry barriers, and speculative fun are what drive Dogecoin,” he said. “It’s a coin that belongs to the people, not institutions.”

While the Dogecoin community celebrated, attention shifted toward the possibility of a Dogecoin ETF becoming a reality. Two key applications, from Bitwise and Grayscale, are currently under SEC review, with final decisions expected by October 2025. These firms have experience in launching crypto-based financial products and could bring a significant wave of institutional interest to Dogecoin if approved. Meanwhile, ETF proposals from 21Shares and the Osprey Fund are still in earlier stages, awaiting progress on their 19b-4 filings. The SEC’s eventual rulings will be pivotal, as approval would mark a major turning point in how Dogecoin is viewed, not just as an internet joke, but as a legitimate crypto asset worthy of investment through traditional markets.

The growing interest in a Dogecoin ETF raises important questions about the future of meme coins. Will institutional money flood in if regulatory green lights are given? Or will Dogecoin remain the quirky, unpredictable rebel of the crypto world? For now, the Dogecoin community is content celebrating its unique culture and legacy. Dogeday 4/20 proved, once again, that Dogecoin is more than a currency; it’s a movement. And with the SEC’s decision on the horizon, it might soon become more than just a meme.

Whether the ETF filings succeed or not, Dogecoin continues to play a pivotal role in shaping how we understand internet-driven financial movements. From jokes to market charts, from memes to meetings with the SEC, Dogecoin’s journey remains one of the most unpredictable and exciting stories in the crypto world. The community’s enthusiasm and the potential for regulatory approval have added a new layer of legitimacy to the meme coin, making it a fascinating case study in the evolving landscape of digital currencies.